Tag Archives: trade

Indonesia eyes IEU-CEPA to boost marine product exports

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The Ministry of Marine Affairs and Fisheries (KKP) said the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) must be used effectively to increase exports of Indonesian fishery and marine products to Europe.

Indonesia eyes IEU-CEPA to boost marine product exports

“We have an opportunity ahead with the IEU-CEPA, particularly the zero-tariff arrangement. We intend to make the best use of it,” Acting Director General for Strengthening the Competitiveness of Marine and Fishery Products Machmud said at a press conference here on Thursday.

For seaweed derivative products, such as agar-agar and handicrafts, he said Indonesia secured trade contracts worth USD 13.65 million for the European market, surpassing the target of USD 8 million.

Exports of other fishery commodities, including shrimp and tuna, had already increased before the IEU-CEPA, reflecting Europe’s strong demand for Indonesian marine products.

Machmud expressed hope that exports to Europe will grow further once the agreement’s zero-tariff provisions take effect.

“This will enable us to make the best possible use of opportunities in the European market,” he said.

The ministry also plans to intensify promotional efforts by inviting potential European buyers to visit Indonesian fish processing units directly.

“Insya Allah (God willing), the plan is for 2026 around May or June, after the expo in Barcelona in April 2026. We will invite them to Indonesia for promotional activities,” Machmud said.

Trade Minister Budi Santoso has set a target for the signing of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) in January 2026.

Santoso added that the agreement is currently undergoing legal drafting and translation into multiple languages.

ASEAN-China Trade to Top $1 Trillion This Year, Indonesia Says

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ASEAN-China trade is on track to exceed $1 trillion this year, according to an Indonesian diplomat. ASEAN’s export-import activities with China have been gaining speed over the past decades. In 2024, the group’s bilateral trade with China amounted to nearly 7 trillion yuan (approximately $989.9 billion), the Chinese customs data showed. The figures only reached approximately 870 billion yuan in 2004. “ASEAN is China’s largest regional trading partner, with close to $1 trillion. Hopefully, trade will surpass $1 trillion by the end of the year,” Indonesian Ambassador to China Djauhari Oratmangun said in Jakarta on Tuesday. Djauhari’s statement came not … Continue reading →

Indonesia’s Purbaya forecasts 6 percent economic growth in 2026

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Jakarta – Minister of Finance Purbaya Yudhi Sadewa has expressed confidence that Indonesia’s economy will grow by six percent in 2026, higher than this year’s rate of around five percent. “In my projection, the economy will grow at a more favorable rate; maybe it will expand by about six percent,” he told the media in Jakarta on Sunday. Purbaya noted that his optimism stems from the government’s success in formulating and carrying out policies that have proven effective in stimulating economic performance. “We will remain on the right track if we continue to carry out existing policies,” the state treasurer … Continue reading →

Indonesia seeks to become shallot supplier in global market: Bapanas

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Head of the National Food Agency (Bapanas) Arief Prasetyo Adi stated that Indonesia continually strives to become the world’s food producer, including for shallots. Adi noted that shallots, as one of the commodities exported by Indonesia to Malaysia and other countries, have a high potential for Indonesia to meet the global needs. “The hope is that Indonesia can become the world’s food producer,” he remarked at an international seminar on food security in Kuala Lumpur, Malaysia, on Saturday. He explained that food exports are conducted when domestic food needs have been fulfilled through domestic production. “We continue to encourage food … Continue reading →

I-GCC FTA first round negotiations run well: Trade Ministry

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Jakarta (ANTARA) – The Indonesian Ministry of Trade stated that the first round of the Indonesia–Gulf Cooperation Council Free Trade Agreement (I–GCC FTA) negotiations held in Jakarta on September 9–13, 2024, ran well. During the meeting held at the ministry’s office, the Indonesian delegation was led by the ministry’s Director for Bilateral Negotiations, Johni Martha, while the GCC delegation was led by the General Coordinator for Free Trade Agreements Negotiations of GCC, Raja Munahi Al-Marzoqi. Martha noted in a statement from his ministry here on Friday that the GCC is a strategic trade partner for Indonesia. The government is keen … Continue reading →

China Nudged to Open Its Doors to Indonesian Durian

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Jakarta. The government is hoping that China will soon give its green light for Indonesian durians to enter the Chinese market. China is a big buyer of the fruit known for its distinctive odor, and Jakarta sees this as a huge business opportunity. Over the past few years, the Indonesian government has been trying to convince China that its durian is eligible for export. Today, Indonesia is waiting for China to issue a protocol that will let Jakarta export the so-called “king of fruits”. Foreign Affairs Minister Retno Marsudi also tried to secure the durian export protocol from her Chinese counterpart … Continue reading →

Indonesia-Netherlands Agree on Cooperation in Various Sectors

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The Minister of Trade of the Republic of Indonesia, Zulkifli Hasan, attended a bilateral meeting attended by President Joko Widodo and the Prime Minister of the Netherlands, Mark Rutte, in New Delhi, India. The meeting which took place during the G20 Summit held in India on September 9 2023, the two countries discussed a number of important issues including the fields of development, economics, the process of registering Indonesia as a member of the Organization for Economic Co-operation and Development/OECD), as well as cooperation between ASEAN and the Netherlands. One of the main aspects discussed was cooperation in the energy … Continue reading →